Svmuu News: According to Gate data, both WTI and Brent crude oil prices have continued to rise in the short term, with WTI crude breaking above $75 per barrel, up 5.01% on the day. Brent crude has surged 5.00% on the day and is currently trading at $79.74 per barrel.
Major crude oil futures contracts are also rising in the short term, with the SC crude oil contract extending its gains to 2.21% and currently trading at 481.5 yuan per barrel. Low-sulfur fuel oil (LU) has extended its gains to 1.92% and is currently trading at 4,195 yuan per metric ton.Heating oil extended its gains to 2.51% and is currently trading at 3,312 yuan per metric ton. Asphalt extended its gains to 3.13% and is currently trading at 3,960 yuan per metric ton.
In related news, Donald Trump. announced the reinstatement of sanctions against Iran.
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Both WTI and Brent crude oil prices continue to rise in the short term, with WTI crude breaking above $75 per barrel
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